https://www.taxtmi.com/caselaws?id=217200 Cash deposits claimed as land sale proceeds and cash gifts must be supported by credible evidence of source, genuineness and donor capacity; unsupported explanations may be rejected on the test of human probabilities. In the stated facts, absence of title and registered sale deeds, lack of reliable proof of transfer and receipt, and no convincing verification of the alleged donor's financial capacity led to adverse inference. The surrounding circumstances were found inconsistent with the assessee's explanation, so the cash deposit and the gift were treated as unexplained and the additions were sustained. en-us Fri, 21 Sep 2012 00:00:00 +0530 Sat, 06 Oct 2012 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217200 Cash deposits claimed as land sale proceeds and cash gifts must be supported by credible evidence of source, genuineness and donor capacity; unsupported explanations may be rejected on the test of human probabilities. In the stated facts, absence of title and registered sale deeds, lack of reliable proof of transfer and receipt, and no convincing verification of the alleged donor's financial capacity led to adverse inference. The surrounding circumstances were found inconsistent with the assessee's explanation, so the cash deposit and the gift were treated as unexplained and the additions were sustained. Case-Laws Income Tax Fri, 21 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217200